FTSE 100 news / Companies and sectors / Oil and gas / 12 October 2026
Oil and gas: sector news on Monday 12 October 2026
Average tone +5.8 (positive) across 3 companies with relevant coverage, from 14 stories.
Company by company
| Company | Tone | Stories | What the coverage was about |
|---|---|---|---|
| BP | +2.5 | 6 | Coverage was mostly investor commentary, with several pieces calling BP shares cheap or highlighting upside from higher oil prices. |
| Shell | +7.0 | 6 | Coverage focused on Shell taking a 30% stake in the Bay du Nord project and record third-quarter refining margins. |
| Ithaca Energy | +7.8 | 2 | Coverage focused on Ithaca Energy extending its US$1.8bn lending facility, with maturity pushed out to 2032 and improved terms. |
Strongest stories in the sector
- +9.2 Weekly Recap: Record Q3 refining margins and Bay du Nord 30% stake
Record Q3 refining margins and Bay du Nord stake are positive for Shell. - +8.5 Ithaca Energy Extends and Improves US$1.8bn Lending Facility
US$1.8bn facility extended and improved terms, positive for funding. - +8.3 Shell (LSE:SHEL) Takes 30% Stake In Bay Du Nord Project
Shell takes 30% stake in Bay du Nord, expanding its portfolio. - +7.0 Ithaca Energy extends lending facility maturity to 2032 By Investing.com
Debt facility maturity extended to 2032, improving financing runway. - +6.7 Shell stock gains 4.17 percent for the week as high reaches EUR 44.77 - ad-hoc-news.de
Shares up over 4% on the week. - +6.3 BP (LSE:BP.) Stock Still Looks Cheap Despite Its 107% Five Year Run
Shares up 107% over five years yet seen as cheap. - −5.3 What Does BP (LSE:BP.) Evacuating Gulf Of Mexico Staff Mean For Investors?
Evacuation of Gulf of Mexico staff raises operational concerns. - +5.0 Could $200 oil send BP shares to the moon?
Speculation that $200 oil could lift BP shares. - +5.0 Shell (LSE:SHEL) Stock May Trade At A Discount As LNG Expansion Looms
Possible valuation discount with LNG expansion ahead is mildly positive. - +4.2 Shell PLC Unsponsored ADR (NYSE:SHEL) Stock Has Consensus Target Price of $106.08
Analyst consensus target price coverage, mildly supportive. - +3.7 Here’s how much a £5-a-day passive income plan could produce a decade from now
Passive income piece likely featuring BP dividends positively. - +3.3 Transocean Adds $1.06 Billion to Firm Backlog With Shell and Equinor Deals
Shell is a named customer in a contract win; mainly good for Transocean.